American Stock Exchange News Release
www.amex.com |
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| Equity Release |
Media Contact: Bari Trontz |
AMERICAN STOCK EXCHANGE LISTS UNITS OF SAPPHIRE INDUSTRIALS CORP. | ||
New York, January 18, 2008 — The American Stock Exchange® (Amex®) today listed the units of Sapphire Industrials Corp. under the ticker symbol FYR.U. The offering size is 80,000,000 units at $10.00 per unit for gross proceeds of $800,000,000 (excluding the underwriters’ over-allotment option). Each unit consists of one share of common stock and one warrant. Initially, the units will be the only security trading. Citigroup Global Markets Inc. is lead underwriter on the IPO. Sapphire Industries Corp. is a newly organized company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. It is the Company’s current intention to focus their efforts on identifying a prospective target business or businesses primarily on general industrial companies in North America “We are pleased to welcome Sapphire Industries Corp. to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of Amex. “The Amex looks forward to supporting Sapphire Industrials Corp. as it seeks to convey its value proposition to a greater number of investors.” The specialist in Sapphire Industrials Corp. is HBH Specialists, LLC For further information on FYR.U and other Amex-listed companies, please visit www.amex.com. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 381 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks.